Closing Bell: IBM Gains, SOX falls

SpaceX Ekes Gain, Quantinuum Soars, Carnival Drops

Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - SpaceX (SPCX) shares ended higher on Tuesday, snapping a three-day selloff that wiped out more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. The stock gained 1% to close at $156.11 after a choppy session that saw shares slip as much as 4.8%, then jump 7.1% before paring much of that advance by market close. The volatility came amid a broad-based slide in technology and other high-momentum stocks after a selloff in Korean chipmakers stoked fears about the rally in companies involved in artificial intelligence. - Quantinuum (QNT) is climbing as traders rotate into quantum‑linked assets after the administration issued sweeping executive orders aimed at accelerating quantum computing, strengthening quantum supply chains and securing national systems against future quantum‑enabled cyber threats. - Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator cut its net yield for the full year, citing the prolonged conflict in the Middle East. The company also gave a third-quarter adjusted earnings per share forecast that missed the consensus estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: IBM Gains, SOX falls

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec - IBM (IBM) shares gained after the company announced it has joined the OpenAI Daybreak Cyber Partner Program.  - Avis (CAR) shares ended the day higher as the rental company is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing. - The Philadelphia Semiconductor Index (SOX) plunged 7.9% as semiconductor companies were hit with doubts about the sustainability of the AI-driven rally. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Chipmakers, FedEx, Best Buy Fall

On this episode of Stock Movers: - Micron (MU) and Sandisk (SNDK) shares sink amid weakness in the memory sector. A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally. - Fedex shares (FDX) fall ahead of earnings. Investors are waiting to hear management’s expectations for the company’s slimmed-down core parcel business following the spinoff of its freight unit earlier this month. - Best Buy (BBY) shares slip  after the company said Matt Bilunas will step down as CFO and depart the retailer at the end of July after 20 years, including seven years as CFO. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SpaceX Down, IBM Gains, Carnival Drops as Forecast Misses Estimates

On this episode of Stock Movers: - SpaceX (SPCX) shares fluctuated at the open Tuesday, after a three-day selloff that wiped off more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. The stock fell as much as 3.9%, briefly dipping below the $150 level at which it opened during its trading debut earlier this month. - IBM (IBM) shares gain. IBM resisted a broad tech selloff after a Wall Street upgrade. Morgan Stanley analyst Erik Woodring raised the target on International Business Machines Corp. to $267 from $225. Maintains equal-weight rating. - Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nvidia Down, AMC Tumbles, Carnival Falls on Weak 3Q Outlook

On this episode of Stock Movers: - Nvidia (NVDA) shares are down. Super Micro Computer-backed Argentum AI has signed two major long-term AI infrastructure deals worth a total of $7.8b to deploy 47,000 Nvidia GB300 chips at a 300-megawatt data center in Poland, Barron’s reports, citing the company. - AMC (AMC) shares tumble. The movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million. - Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.